ACC Ltd, India’s largest cement maker, is looking to raise about 3 billion rupees ($61.5 million) via bonds or loans or a combination of both, banking and company sources said on Monday. The company, in which Swiss cement maker Holcim holds more than 46 percent, has written to banks asking for quotes on five- and [...]

Having been trading stocks and options in the capital markets professionally over the years, I have seen many ups and downs. I have seen paupers become millionaires overnight…And I have seen millionaires become paupers overnight…One story told to me by my mentor is still etched in my mind: “Once, there were two Wall Street stock [...]

The Reserve Bank of India’s (RBI’s) transferable surplus to the Government of India for 2008-09 jumped 66.6 per cent to Rs 25,009 crore from Rs 15,011 crore in the previous year. The income from domestic sources in 2008-09 at Rs 9,935.77 crore was higher compared with the last year’s level of Rs 5,867.52 crore, primarily [...]

Indian Banks’ Association (IBA) today decided to limit the number of free third-party ATM transactions to five per month. In addition, the maximum amount that a customer can withdraw from another bank’s ATM has been capped at Rs 10,000 per transaction. Banks have also been allowed to charge for withdrawals from current accounts at third-party [...]

Banks’ investments in mutual funds increased by Rs 17,291 crore during the fortnight ended August 14 to Rs 1,56,910 crore, which is over 20 per cent of the total asset under management of the industry in the period. With credit growth falling in recent months, banks have resorted to large-scale investment in liquid schemes of [...]

European wind turbine makers interested; deal could be $1 billion. Suzlon Energy, the world’s fifth-largest wind turbine maker, is in discussions with a consortium of wind equipment component manufacturers in Belgium, in addition to some leading turbine manufacturers in Europe, such as Vestas, to sell off its gear box manufacturing subsidiary, Hansen Transmission. The company [...]

The country managed a reasonable economic growth of 6.1 per cent during the first quarter of the current fiscal despite the global financial crisis impacting manufacturing and certain services like hotels. The Gross Domestic Product (GDP) growth rate during April-June 2009 at 6.1 per cent was higher than 5.8 per cent in the previous quarter, [...]

Thermax has advanced 3.5% to Rs 476,on the back of bagging a order worth Rs 255 crore. The counter has clocked a volume of around 24,900 shares as against its two-week average trades of 27,652 shares. Thermax informed BSE in arelease that the company had received an order of Rs 255 crore from a leading [...]

The world’s first laptop with twin monitors is slated to hit the stores by the end of the year. The dual-screen laptop, entitled Spacebook, was masterminded by Alaska-based technology firm gScreen. The pioneering technology, that will let users to multi-task while on the move, will have two 15.4 in screens, reports the Telegraph. The PC [...]

Tata Motors, has come to the public for the second time to raise about Rs 1,500 crore via fixed deposit schemes, offering up to 9.88 per cent annual interest for a three-year deposit. The firm today said on a minimum fixed deposit of Rs 20,000 for two and three years, it would offer 8 per [...]

India’s exports surged by 39 per cent in value terms to Rs 1,366 crore during the first four months of this fiscal on better price realization and higher demand, the Tobacco Board said. The country had shipped tobacco worth Rs 982.87 crore in the same period last year, it said. “A spurt in global demand [...]

There are abundant of money in the stock market. However, not everybody can get the money out from there. Some people can gain a lot from the stock market but some has lost a lot of money there. It is very indecisive. Sometime at that moment, you loss money but after a few days, you [...]